Intertemporal Rules with Variable Speed of Adjustment: An Application to U.K. Manufacturing Employment
AbstractThis paper presents a procedure to estimate intertemporal dynamic decision rules where adjustment costs are assumed to be variable. The estimation is based on the Euler equation. For purposes of illustration, the authors concentrate on an employment function for the U.K. manufacturing sector where they find very significant effects of some variables that influence adjustment costs. Finally, they point out an empirical result that has interesting implications when evaluating tests of "efficient bargain" models. Copyright 1989 by Royal Economic Society.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Royal Economic Society in its journal The Economic Journal.
Volume (Year): 99 (1989)
Issue (Month): 396 (June)
Contact details of provider:
Postal: Office of the Secretary-General, School of Economics and Finance, University of St. Andrews, St. Andrews, Fife, KY16 9AL, UK
Phone: +44 1334 462479
Web page: http://www.res.org.uk/
More information through EDIRC
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Daniel S. Hamermesh, 2004. "Labor Demand in Latin America and the Caribbean. What Does It Tell Us?," NBER Chapters, in: Law and Employment: Lessons from Latin America and the Caribbean, pages 553-562 National Bureau of Economic Research, Inc.
- Adriana Cassoni & Steven G. Allen & Gaston J. Labadie, 2004.
"Unions and Employment in Uruguay,"
in: Law and Employment: Lessons from Latin America and the Caribbean, pages 435-496
National Bureau of Economic Research, Inc.
- Adriana Cassoni & Steven G. Allen & Gaston J. Labadie, 2000. "Unions and Employment in Uruguay," Research Department Publications 3092, Inter-American Development Bank, Research Department.
- Adriana Cassoni & Steven G. Allen & Gastón J. Labadie, 2000. "Unions and Employment in Uruguay," IDB Publications 43118, Inter-American Development Bank.
- Charles A. Fleischman, 1997. "The GMM parameter normalization puzzle," Finance and Economics Discussion Series 1997-43, Board of Governors of the Federal Reserve System (U.S.).
- Jaime Saavedra Chanduví & Eduardo Maruyama Sasaki, 2000. "Estabilidad laboral e indemnización: efectos de los costos de despido sobre el funcionamiento del mercado laboral peruano," Documentos de InvestigaciÃ³n dt28, Grupo de Análisis para el Desarrollo (GRADE).
- Mauricio Cardenas & Raquel Bernal, 2004.
"Determinants of Labor Demand in Colombia. 1976–1996,"
in: Law and Employment: Lessons from Latin America and the Caribbean, pages 229-272
National Bureau of Economic Research, Inc.
- Mauricio Cardenas & Raquel Bernal, 2003. "Determinants of Labor Demand in Colombia: 1976-1996," NBER Working Papers 10077, National Bureau of Economic Research, Inc.
- Adriana Cassoni & Steven G. Allen & Gaston J. Labadie, 2000. "The Effect of Unions on Employment: Evidence from an Unnatural Experiment in Uruguay," NBER Working Papers 7501, National Bureau of Economic Research, Inc.
- Jaime Saavedra-Chanduví & Máximo Torero, 2000.
"Labor Market Reforms and Their Impact on Formal Labor Demand and Job Market Turnover: The Case of Peru,"
43058, Inter-American Development Bank.
- Jaime Saavedra-Chanduví & Máximo Torero, 2000. "Labor Market Reforms and Their Impact on Formal Labor Demand and Job Market Turnover: The Case of Peru," Research Department Publications 3095, Inter-American Development Bank, Research Department.
- Hassink, W.H.J. & Broersma, L., 1993. "Labour demand and job-to-job movement : macro-consequences as a result from micro-economic behaviour," Serie Research Memoranda 0001, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
- Oscar Jorda & Alvaro Escribano, 2003.
"Improved Testing And Specification Of Smooth Transition Regression Models,"
9726, University of California, Davis, Department of Economics.
- Alvaro Escribano & Oscar Jorda, . "Improved Testing And Specification Of Smooth Transition Regression Models," Department of Economics 97-26, California Davis - Department of Economics.
- Daniel S. Hamermesh, 1992. "Spatial and Temporal Aggregation in the Dynamics of Labor Demand," NBER Working Papers 4055, National Bureau of Economic Research, Inc.
- Craighead, William D., 2009. "Real rigidities and real exchange rate volatility," Journal of International Money and Finance, Elsevier, vol. 28(1), pages 135-147, February.
- Sarah Brown & Gaia Garino & Christopher Martin, 2007. "Labour Turnover and Firm Performance," Working Papers 2007012, The University of Sheffield, Department of Economics, revised Sep 2007.
- Stuart Glosser & Lonnie Golden, 2005. "Is labour becoming more or less flexible? Changing dynamic behaviour and asymmetries of labour input in US manufacturing," Cambridge Journal of Economics, Oxford University Press, vol. 29(4), pages 535-557, July.
- Brown, Sarah & Garino, Gaia & Martin, Christopher, 2009. "Firm performance and labour turnover: Evidence from the 2004 workplace employee relations survey," Economic Modelling, Elsevier, vol. 26(3), pages 689-695, May.
- Adriana Cassoni & Steven G. Allen & Gaston J. Labadie, 2000. "Sindicatos y empleo en Uruguay," Research Department Publications 3093, Inter-American Development Bank, Research Department.
- Adriana Cassoni, 1999. "Labour demand in Uruguay before and after re-unionisation," Documentos de Trabajo (working papers) 0199, Department of Economics - dECON.
- Robertson, Raymond & Dutkowsky, Donald H., 2002. "Labor adjustment costs in a destination country: the case of Mexico," Journal of Development Economics, Elsevier, vol. 67(1), pages 29-54, February.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.